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in today's cover story: back on top. what u.s. manufacturers are doing to become the heavy- hitters of years gone by. cash flow is changing continents. why some investors are going the distance. plus, why post-nups are becoming as popular as pre-nups. and, why so much money is still sitting on the sidelines even as the market rallies higher. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's wednesday, september 12th. i'm angela miles. in today's first look... germany's top court rules on the eurozone bailout. in america the dow hit a 5-year high and commodities and stocks rallied ahead of the news out of europe. texas instruments narrowed its forcast after the close, sending shares higher. zein abdalla becomes the president of pepsico as current president john compton leaves the soda company. scott bauer of trading advantage joins us now. scott, people talk so negatively about the market all the time. it's true, correct? > > no doubt about it. > > and yet, the dow is at a five-year high. >
at how the manufacturing sector is keeping jobs in the u.s. by getting inside the classroom. credit cards with no interest rate are making a comeback into the wallets of americans. plus, the oil stock that one trader says you probably don't know about... but should. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning everyone. it's tuesday, september 11, 2012. i'm angela miles. in today's first look: traders will pause to remember victims and families of the 9/11 attacks today with a moment of silence. at the nyse rescue and recovery workers will ring the opening bell. stocks sold off yesterday. traders appear to be taking money off the table ahead of news coming out from the fed this week. commodities also were hit by selling. the zynga exodus continues. this time the chief marketing officer has left the social media game company. shares are down 70% this year as high ranking officials ditch zyngaville. and jamie dimon could get some questions today about the more than $4 billion loss at jpmorgan-chase. th
the standard range of revisions. labor relations observers say the u.s. is seeing a rise in labor disputes leading to public protests and walkouts within the last year-and-a-half. in our cover story, why is labor using these tools, and will it continue? from public employees in wisconsin and chicago to the private sector - at american airlines, caterpiller and nfl referees - labor is sounding off. "...corporate greed has got to go." "in this last year or two, there's been an outbreak of high-profile cases, so many in fact, which may signal the possibility that we'll see additional ones." why is it happening? some believe the recession has improved just enough to the point where resentment from cutbacks and layoffs - resentment held in check - is now reaching the surface. "we're seeing an explosion in labor-management conflict from recession. people feel as though they've been given a bad deal, so there's a 'festering' effect." the 121 referees in the nfl are a small and highly-specialized labor force. last sunday's controversial game-ending call in seattle proved just how hard they were to
them." but after more than five million iphone 5s were sold in the first weekend, a faster pace than any previous iphone, there are published reports of problems. among them: rattling handsets from a loose battery, faulty wi-fi connections, weather reports mixing up cities, a new map app that has led users in the wrong direction, and a redesigned port that requires owners to buy a new power connector incompatible with previous iphones. "they chose to sock it to their consumers, who they say they love, with a $29 part that costs $1 to produce." at&t has offered iphones since they first appeared in 2007. a spokesman would neither confirm nor deny consumers' complaints, but told of an operating system upgrade. "i have not been given any information on upgrades. i think you have to address those questions with apple." we did ask apple in emails and by phone. we're still waiting for a response. the iphone does have a faster processor, better camera, larger screen and is thinner. the complaints may be satisfied eventually. but after how long? "i think the maps is going to be a six-month fi
to form a human wall around the u.s. stock exchange. shannon bond, a reporter with the financial times, tells us it was hard to come up with accurate estimates of the size of the protest because this wasn't one single mass rally. "what they did was organize so the people were broken up into a lot of very small groups that went all over the financial district and a lot of different intersections, so it was hard to contain, but also harder to get a sense of exactly how many there were." president obama is calling on the world trade organization to settle a trade case with china. the obama administration is accusing china of unfairly subsidizing exports of cars and car parts. the president says it gives chinese manufacturers an unfair advantage in the market. cars.com analyst joe wiesenfelder tells first business that if the world trade organization accepts the action, the impact to consumers could mean higher prices. "i don't think companies export jobs or buy parts from foreign companies because they want to, they do it because there is a profit advantage to it. so if this action goes t
trading day joe, thanks. > > thank you. more than a quarter of small businesses in the u.s. are owned by women - nearly eight million at last count. but access to capital and contract bundling is crowding them out of competition. in our cover story, how women entrepreneurs are changing the system and their fortunes. more than 2,000 women entrepreneurs met in chicago this week, a lot of which was spent networking. kelly gallagher's $2-million-a-year company, everlights, recycles florescent lights and disposes of the hazardous mercury inside. "the value is here and i can get a name, get a number and that helps me tremendously." but challenges remain. "when you start discussions, the time it takes to close a deal is taking longer than before." for 26 years, the women's business development center in chicago has fought to help women get lending. "access to capital is still an issue and we're looking at ways to be the lender of choice." citibank is offering help entrepreneurs who can show, good credit scores, steady cash flow, collateral, and two years' profitable experience. "we've commit
hunters step in there and buy these markets. > > how high can we go? what do you expect for the s&p for example? > > i think if you're looking at the end of the month, 1500 is certainly in play in the s&p. there's an awful lot of traders long, and not a whole lot of reasons to be short if qe3 is going to be extended pretty much indefinitely. > > is this a general lift, or are you seeing some sectors that are looking particularly profitable? how about cyclicals, metals, what are you looking at? > > i'm a big fan of the financials. i've been watching bank stocks for a while, and i think they've helped take the market up with it. so i think that's a situation you've got to watch. something like bank of america trading near $10 on friday. stocks like that that have had pretty big moves over a pretty short period of time, and they've been fun to watch and fun to trade. > > is europe still the big trigger that could cause all of this to come crashing down again? > > certainly it could, but i don't think that's what's going to happen, and i think the bailouts and the things we did here,
u.s. what's bringing them back from abroad? plus, is it too late for the fed to step in and help the economy? we'll examine what it might do. why your punctuation at work could be raising the eyebrows of your co-workers. and, are traders stretching their profits with lululemon's latest earnings? find out. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. a good monday morning to you. i'm bill moller, angela miles is off. here's the 1st look. the fortunes of facebook, that social media belwether, keep falling. barclay's bank has cut its price target to sell the stock from 31 to 23 dollars. the bank doesn't see facebook's mobile business taking off. its stock is still selling for under 20 dollars. last week the european central bank buoyed financial markets, announcing it would be on a bond-buying binge that again brought europe back from the brink. this week financially, shaky spain will be seeking details on the conditions for that purchase. for the first time since may, spain's 10-year debt yields fell below 6%. al
. the u.s. treasury department is going to much more aggressively go after the dirty laundry of money launderers. a sweeping new proposal is planned. it enlists the banks in monitoring accounts more aggressively. banks say what the government wants may be too hard to fulfill. and to the relief of many, spain could, this week, announce a new bailout rescue plan for its banks. the financial times reports, if spain meets the eu's conditions the european central bank would also step in and buy part of spain's debt. let's talk with scott bauer from trading advantage. boy scott, a really broad rally. a lot of companies hitting all- time highs, a lot of sectors setting all-time highs. we're told to buy on the lows, wait for dips, but everybody is just buying on strength here. > > that's really what we're seeing in the marketplace. last week was really just kind of a breather. after we saw the big run-up after the fed announcement, last week we really held the ground. the market held its ground. what that's really telling traders, what that's telling me, is, we're in this for the long haul ri
raked in more baggage fees and reservation change fees. a u.s. lawmaker believes a secret military unit in iran is behind cyber-attacks hitting u.s. banks. disruptions to wells fargo's online banking operations happened tuesday. bank of america, citigroup and jpmorgan-chase have also been hit. reports say us bancorp and pnc financial services could be next. according to the l.a. times, senator joe lieberman, who chairs the senate homeland security committe, says iran is targeting the u.s. financial system in response to sanctions on the country because of its nuclear program. a top iranian official denies it. facebook claims nearly a billion active user accounts. twitter, about half that. in our cover story - with so many people using social networks to connect, find jobs and get the word out about products and events, how do you stand out in the crowd? everyone's competing for your attention. even at a seminar during social media week on how to use twitter more effectively, people were tweeting. so how do you get people's attention? "it's about being conversational, being fun and true
demand prompts moody's to raise the outlook from stable to positive. and the u.s. government's budget deficit for this fiscal year has passed $1 trillion. actually it happened sometime last month. it took the treasury department a little time to crunch the numbers. for the fourth straight year the government has run a trillion-dollar-plus deficit. you can certainly assume that the markets today will be driven by what the fed did yesterday. let's talk with ira epstein. he's the managing director of the linn group. let me just have you get at it: what's your analysis for what ben bernanke announced yesterday? > > political move. very bullish the stock market, bullish the metal markets. meant to get housing off the floor and get people back to work. and very very political. > > what was more important? what bernanke said in his afternoon news conference or the action that the fed took earlier yesterday? > > i think that today was the whole thing. in other words, what took place yesterday on the fed announcement was the key. all he did is come in and he juiced it up. he didn't tone it dow
look at the economy, everything except for housing has been contracting. today we have the p.m.i.s coming out of china, europe, and the u.s. that's going to give us a very good indication of whether we're contracting or whether we're growing. i can't leverage the fact that the stock market will go one way or the other because of it, because it seems like we're all looking around that right now, but, the bigger picture is, if we're not growing the manufacturing base, are stock market cannot sustain itself for very long. > > all right. so, if there is a strong negative in these p.m.i.s, what should that tell you? that there might be a pullback in the overall stock markets? > > absolutely. i mean, at some point, people have to look around at what the governments and federal reserve is doing, and look at the fact that, "hey, maybe we're contracting and not growing." we're not going in the right direction. so, thereby, we could see a very healthy stock market correction if the p.m.i.s are going the wrong way. > > all right, we'll learn soon enough. larry shover, thanks so much. > > you'
forecast, fedex anticipates u.s. gdp growth of 2.2% in 2012 and 1.9% in 2013, and global gdp growth of 2.3% in 2012 and 2.7% in 2013. "the sad reality is that we're looking at europe-style growth. premium services are hit, and these services aren't what they used to be." however, plenty of goods are still traveling on the high seas. drewry maritime research calculated in july that even with the worsening situation in europe, "we are still forecasting 4.3% global container growth this year." if there is a bright spot in the shipping business, it is in that segment involved with two- and three-day ground shipments. that part of the business is seeing a nine percent increase in operating income this year. the people of greece are telling their government they've given back as much as they can. once again the streets are awash in protests. yet the prime minister has to cut 12 billion euros from the greek budget and spread austerity among public sector workers, many of whom are on strike this week. liz alderman of the new york times tells first business that the level of rage may be growing,
companies that sent call center jobs overseas are bringing those jobs back to the u.s. many call center jobs were outsourced to india and the philippines, where workers were willing to work for less pay. according to a report, at one point 30% of high tech firms sent jobs offshore. now it's closer to 12%. financial services firms are in a similar mode. "a lot of these firms moved jobs over to india and the philippines in the early 2000s to take out costs, and the reality is they found that while the costs per minute went down, the number of calls that it took to resolve a customer complaint actually went up." that was james malick of the boston consulting group. on capitol hill, senator bob casey is pushing legislation to stop companies that outsource call centers from getting federal grants or loans. republicans call it too late. corn yields have dropped to their lowest levels since july. it's expected to be one of the lowest harvests in years, according to the agriculture department. the record heat burned off crops in the midwest. rains from hurricane isaac helped a little, but the heat
limited release" of just 100 units in the u.s. and japan. toyota is putting its creative and engineering prowess behind prius hybrid- type cars. by 2015, toyota will be selling 21 hybrid models. it's dream time for united. the airline's first dreamliner from boeing arrives in houston this week. united ordered 50 of the new 787's. the airline will start flying the aircraft domestically to select united hubs initially and then will use the dreamliner on international routes in europe, asia and africa later this year. wifi is not flying high with the airlines. only about a third of domestic flights offer wireless access, according to one study. virgin america and airtran have it on all their flights. not so with larger carriers. delta has it on 65%, while southwest only offers wifi on a little more than a third of its flights. for american, it's just 22%, and a mere 8% of u.s. airways flights. and united airlines? might as well pack your laptop or smartphone. only on 5% of its flights can you get online. the word "free" is becoming very rare at banks. greg mcbride of bankrate.com joins us v
Search Results 0 to 14 of about 15

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